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An approach to predict Spanish mortgage market activity using Google data

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  • Marcos González-Fernández
  • Carmen González-Velasco

Abstract

The aim of this paper is to use Google data to predict Spanish mortgage market activity during the period from January 2004 to January 2019. Thus, we collect monthly Google data for the keyword hipoteca, the Spanish expression for mortgage, and then, we perform a regression and an out-of-sample analysis. We find evidence that the use of Google data significantly improves prediction accuracy.

Suggested Citation

  • Marcos González-Fernández & Carmen González-Velasco, 2019. "An approach to predict Spanish mortgage market activity using Google data," Economics and Business Letters, Oviedo University Press, vol. 8(4), pages 209-214.
    • Handle: RePEc:ove:journl:aid:13747
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/13747
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